Company: Eurobattery Minerals AB

Transaction: Warrants

Issue volume: 5.1 MSEK

Date: May 2024

Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME and Börse Stuttgart. With the vision of helping Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry, the company wants to position itself as a key player in the battery value chain. The company’s main projects consist of the nickel–cobalt–copper projects Corcel (Spain) and Hautalampi (Finland).

The proceeds from the warrant redemption will, among other things, be used to finalise the acquisition of FinnCobalt Oy as well as for continued work in the Finnish Hautalampi battery minerals project.

Augment acted as financial advisor to Eurobattery Minerals in connection with the transaction.